"Sawan received 1.9m in his fixed salary, pensions and benefits but most of the bumper package came from 11.8m in bonuses. This included a 2.7m bonus for the year and a 9.1m share award linked to longer-term business targets. The huge pay rise came even after Shell reported a 22% drop in annual profits, with adjusted earnings at $18.5bn (13.6bn) for 2025 compared with $23.7bn in 2024, because of weaker oil prices last year."
"As consumers fear another rise in energy and fuel prices, this time linked to conflict in the Middle East, few are likely to look favourably on the chief executive of Shell receiving a substantial pay rise. The increase appears to be part of a broader pattern among the largest FTSE 100 companies, who are showing less restraint in executive compensation."
Shell's chief executive Wael Sawan saw his compensation package surge from £8.6m to £13.8m in 2025, representing a 60% increase. This substantial raise occurred despite Shell reporting a 22% drop in annual profits to £13.6bn, marking the third consecutive year of declining earnings since the 2022 energy crisis. Sawan's package comprised £1.9m in fixed salary, pensions and benefits, with the majority coming from £11.8m in bonuses including a £2.7m annual bonus and £9.1m in share awards tied to long-term targets. The pay increase triggered criticism from compensation campaigners, particularly given concerns about rising fuel prices amid Middle East tensions and Iranian attacks on energy facilities. Oil prices briefly exceeded $100 per barrel following these geopolitical developments.
Read at www.theguardian.com
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